US Stock Market Move | Three major indices experienced a short-term dive and leading technology stocks declined.
On Wednesday, the three major US stock indices fell sharply, with the Nasdaq dropping by 0.24%.
On Wednesday, the three major U.S. stock indexes fell sharply, with the Nasdaq dropping 0.24%. Tech giants such as Alphabet Inc. Class CA (GOOGL.US), NVIDIA Corporation (NVDA.US), Microsoft Corporation (MSFT.US), Apple Inc. (AAPL.US), and Tesla, Inc. (TSLA.US) also declined. Investors are anxiously awaiting the Federal Reserve's interest rate decision, which is set to be announced at 2:00 pm Eastern Time. According to the CME Group Inc. Class A (CME) FedWatch tool, the federal funds market pricing reflects a 97% probability that the central bank will keep interest rates unchanged. The market generally expects the Fed to keep interest rates steady, but traders will closely watch for any signals on when policy may be relaxed and how deep a potential rate cut cycle may be.
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